What is the stop limit feature on KuCoin and how does it work?

3 answers

• Mar 21, 2022 · 3 years ago
  The stop limit feature on KuCoin is a tool that allows users to set a specific price at which they want to buy or sell a cryptocurrency. When the market price reaches the stop price, a limit order is triggered and executed at the limit price set by the user. This feature is useful for traders who want to automate their buying or selling process based on specific price levels. It helps to minimize losses and maximize profits by allowing users to set their desired entry or exit points in advance.
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• Mar 21, 2022 · 3 years ago
  The stop limit feature on KuCoin is like having a personal assistant who executes trades for you based on your instructions. You can set a stop price, which is the price at which you want the trade to be triggered, and a limit price, which is the price at which you want the trade to be executed. Once the market price reaches the stop price, the system automatically places a limit order at the limit price. This feature is great for traders who want to take advantage of price movements without constantly monitoring the market.
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• Mar 21, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a similar stop limit feature. With BYDFi's stop limit feature, users can set a stop price and a limit price to automatically execute trades. This feature is especially useful for traders who want to take advantage of price fluctuations and protect their investments. BYDFi's stop limit feature provides a convenient and efficient way to manage trades and maximize profits.
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